Blog Archives

Bank of New York Mellon CHARGING customers for DEPOSITS

U.S. regulators have asked some banks to take more deposits from large investors even if it’s unprofitable, and lenders in return are seeking relief on insurance premiums and leverage ratios, according to six people with knowledge of the talks. Deposits are flooding into the biggest U.S. banks as customers seek shelter from Europe’s debt crisis…

Feds Raid Gibson Guitars Because Indian Law Says The Wood Is Illegal

This is absolutely insane. A must read. The Federal Department of Justice in Washington, D.C. has suggested that the use of wood from India that is not finished by Indian workers is illegal, not because of U.S. law, but because it is the Justice Department’s interpretation of a law in India. (If the same wood…

Helena officers use unwarranted violence (again) and commit homicide

That someone should be painfully subjugated, tortured, and killed for his own safety and to prevent him from harming himself sounds absurd, but it is an excuse used over and over by police. For instance, an elderly cancer patient was Tasered for his own safety. A young child was Tasered for the purposes of effecting…

Economics in France have been focused on Ron Paul’s issue

If Republican presidential hopeful Ron Paul is dissatisfied with the attention he's getting in America, here's another audience he might try: southeastern France. This week European free-market economists, activists and students gathered in Aix en Provence for the annual Summer University of the New Economics. The sessions concern the crisis of the welfare state and…

On the Brink of Inflationary Disaster

Ever since Ben Bernanke began his massive infusions of money into the financial system, many analysts (including me) have been worried about the severe weakening of the dollar if and when the fractional-reserve-banking system magnified the initial injections severalfold. Although the trend could reverse, data from the past two months suggest that the inflationary big…